Cyprium Metals Limited announced the Company's maiden Mineral Resource Estimate for the Nanadie Well deposit to a JORC 2012 standard. The Nanadie Well Copper-Gold Mineral Resource Estimate forms part of Cyprium's broader Murchison Copper-Gold Project. The broader Nanadie Well model further highlights the potential to expand the known resource both along strike and down dip.

The current resource tapers with depth and the potential exists to expand this laterally at depth with further deeper drilling. In addition, the current resource is modelled from near surface to a nominal depth of 220mRL (255m from surface) but potential exists to increase the depth extents to beyond the limits of the deepest drilling which is currently down to 160mRL (315m from surface). Certainly, deeper holes that extend beyond the lower limits of the modelled 2022 resource have intersected mineralisation with similar down hole mineralised widths and grades as those included in the modelled resource.

This further highlights the potential to identify additional mineralisation within the layered intrusive body at depth. The model also highlighted trends in the mineralisation with Nickel and Cobalt grades increasing towards the northern end of the current Inferred Resource. There is also potential to expand the known resource along strike with further closer spaced drilling.

The Cyprium Ordinary Kriged 2022 resource model is based on geological information sourced from all previous drill holes with only the assay data from the 145 RC holes and 6 diamond drill holes drilled since 2004 utilised in the latest resource estimate. The resource is reported at a 0.25% Cu cut-off.